Raymond James & Associates Sells 35,890 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Raymond James & Associates lowered its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 725,914 shares of the financial services provider’s stock after selling 35,890 shares during the quarter. Raymond James & Associates’ holdings in Invesco Quality Municipal Income Trust were worth $7,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC bought a new stake in Invesco Quality Municipal Income Trust during the 2nd quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in Invesco Quality Municipal Income Trust during the 2nd quarter valued at $35,000. Oppenheimer & Co. Inc. bought a new stake in Invesco Quality Municipal Income Trust during the 1st quarter valued at $102,000. Almitas Capital LLC bought a new stake in Invesco Quality Municipal Income Trust during the 2nd quarter valued at $177,000. Finally, Atomi Financial Group Inc. boosted its position in Invesco Quality Municipal Income Trust by 60.0% during the 1st quarter. Atomi Financial Group Inc. now owns 20,085 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 7,532 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Up 0.6 %

Shares of NYSE IQI opened at $9.96 on Thursday. The stock’s fifty day simple moving average is $10.27 and its two-hundred day simple moving average is $9.98. Invesco Quality Municipal Income Trust has a 12-month low of $8.13 and a 12-month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.76 annualized dividend and a dividend yield of 7.61%.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.